US Seeks International Help to Reopen Strait of Hormuz
The U.S. is pushing for a maritime coalition to restore navigation in the Strait of Hormuz after Brent crude topped $125 a barrel amid ongoing regional conflict.
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The United States is pushing for an international coalition to reopen the Strait of Hormuz after Brent Crude Oil rose to $125. The vital waterway remains closed two months into a conflict involving Israel and Iran, choking 20% of global fuel supplies. Energy prices have more than doubled this year, fueling global inflation and raising the risk of a broad economic downturn.
